Kingsview Wealth Management LLC Takes $4.20 Million Position in Steven Madden, Ltd. $SHOO

Kingsview Wealth Management LLC acquired a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 100,891 shares of the textile maker’s stock, valued at approximately $4,201,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHOO. EverSource Wealth Advisors LLC boosted its stake in shares of Steven Madden by 86.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 485 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Steven Madden during the third quarter valued at approximately $31,000. Global Retirement Partners LLC lifted its position in Steven Madden by 1,064.3% during the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 745 shares during the last quarter. First Horizon Corp boosted its stake in Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 317 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Steven Madden by 79.4% in the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 435 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SHOO. Jefferies Financial Group downgraded shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 target price for the company. in a research note on Thursday, February 5th. Needham & Company LLC raised their target price on shares of Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Telsey Advisory Group restated an “outperform” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Thursday, February 26th. Williams Trading set a $48.00 target price on shares of Steven Madden in a research note on Tuesday, March 10th. Finally, Wall Street Zen downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.88.

Insider Buying and Selling

In other news, Director Arian Simone Reed sold 648 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total transaction of $25,900.56. Following the completion of the transaction, the director directly owned 8,057 shares of the company’s stock, valued at $322,038.29. This represents a 7.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.21% of the company’s stock.

Steven Madden Trading Up 0.1%

Shares of Steven Madden stock opened at $43.44 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42. The firm has a fifty day moving average price of $37.79 and a 200 day moving average price of $39.58. Steven Madden, Ltd. has a 1 year low of $22.26 and a 1 year high of $46.88. The stock has a market cap of $3.17 billion, a PE ratio of 41.37 and a beta of 1.12.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The firm had revenue of $653.10 million during the quarter, compared to analysts’ expectations of $646.64 million. During the same quarter last year, the company posted $0.60 earnings per share. The firm’s revenue was up 18.0% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Equities research analysts predict that Steven Madden, Ltd. will post 2.09 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, June 8th. Steven Madden’s dividend payout ratio (DPR) is currently 80.00%.

About Steven Madden

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.